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San Francisco braces for commercial real estate crash

sfstandard.com

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Re: San Francisco braces for commercial real estate crash

#191

Post by cpursley »

darth_avocado wrote: post #127

The city officials are asleep at the wheel. Blame it on remote work and pandemic as much as you want, but the reality is that the city was in decline even before that. It is too expensive to live in the city. It is too expensive to commute to the city. It is too expensive to feed yourself in the city. Crime is rampant. Drug use and filth is everywhere. Most importantly city has been hostile to tech and business owner…

Money goes to where it's treated best and people vote with their feet.

I know people thumb their nose on the state, but Florida is open for business.

But the real secret is Puerto Rico and their incredible tax incentives for software companies.

Re: San Francisco braces for commercial real estate crash

#192

Post by houstonn »

JumpCrisscross wrote: post #137
darth_avocado wrote: post #127

The city officials are asleep at the wheel. Blame it on remote work and pandemic as much as you want, but the reality is that the city was in decline even before that. It is too expensive to live in the city. It is too expensive to commute to the city. It is too expensive to feed yourself in the city. Crime is rampant. Drug use and filth is everywhere. Most importantly city has been hostile to tech and business owner…

> city officials are asleep at the wheel Eh, San Francisco's voters have been drinking crazy water for some time. New developments blocked by renters. Stringent building codes and environmental reviews defended by those who think they're being compassionate to the poor. Scolding tech companies for hiring in the city and then panicking when they stop hiring in the city. This obviously isn't all of them. But it's not l…

No post body was provided.

Re: San Francisco braces for commercial real estate crash

#193

Post by Apocryphon »

buscoquadnary wrote: post #184
Apocryphon wrote: post #142

Earlier quoted context omitted.

Californians and the like are moving to Idaho, so the COL there will gradually increase towards parity. And perhaps Arkansas eventually? https://www.camdenarknews.com/news/2022/aug/31/will-climate-...

As someone who moved to ID because I have in laws in the area I can tell you it is a terrible place, no one should move here, the locals are rude and crude, it is freezing 8 months out of the year. Everyone here is an avid Trump supporter and openly racist. They drive big pickup trucks everywhere. The mountains are too far away and horrible, everything here is terrible in every way no one should move here the entire…

You're late by at least two years, Boise is the new Austin, sorry but that's how it goes. At least the real estate market seems to have corrected recently there?

The Fallout series is literally (mostly) set in California.

Re: San Francisco braces for commercial real estate crash

#194

Post by JumpCrisscross »

stavros wrote: post #112
lghh wrote: post #92

Earlier quoted context omitted.

Seems to me like lots of people in SF would rather live in an indoor box than an outdoor box. Why not let those without homes choose if they are willing to take the risks associated with ignoring those rules over l king on the streets?

Presumably an office space would still cost more than a homeless person could afford, so it's not economical to convert an office to ultra-cheap housing.

> Presumably an office space would still cost more than a homeless person could afford, so it's not economical to convert an office to ultra-cheap housing

It may be something a marginally housed person could afford, though. Maybe that makes room in their budget for healthier food, addiction counseling or after-school tutoring. Or maybe they're already strained and would otherwise be on the street.

Re: San Francisco braces for commercial real estate crash

#195

Post by onlyrealcuzzo »

bluejekyll wrote: post #171
darth_avocado wrote: post #127

The city officials are asleep at the wheel. Blame it on remote work and pandemic as much as you want, but the reality is that the city was in decline even before that. It is too expensive to live in the city. It is too expensive to commute to the city. It is too expensive to feed yourself in the city. Crime is rampant. Drug use and filth is everywhere. Most importantly city has been hostile to tech and business owner…

> Crime is rampant According to the data, crime in SF is lower that it was a few years ago: https://www.city-data.com/crime/crime-San-Francisco-Californ... > Drug use and filth is everywhere. Voters can’t seem to wrap their head around better housing policies to get people off the street. It’s disappointing, the entire Bay Area is guilty of this.

Crime is down - but so is population.

Is the decrease statistically significant after adjusting for population loss?

Re: San Francisco braces for commercial real estate crash

#196

Post by CuriouslyC »

gfodor wrote: post #154
inamberclad wrote: post #138

Earlier quoted context omitted.

Drug use isn't associated with crime and filth until we make it so via harsh city policies. I would, however, like someone to clean the 4 different instances of poop I saw on my 3 block walk this morning.

You think drug use doesn't lead to crime?

Drug prohibition clearly leads to crime. Drug users would rather use drugs than commit crimes, but paying for a drug habit when drugs are expensive and you have a hard time holding down a 9-5 job (usually due to mental illness) forces people to do things they don't want to do.

Ending prohibition and diverting some resources from police to mental health and preventative services is just a sensible thing to do.

Re: San Francisco braces for commercial real estate crash

#197

Post by RobertRoberts »

bluejekyll wrote: post #171
darth_avocado wrote: post #127

The city officials are asleep at the wheel. Blame it on remote work and pandemic as much as you want, but the reality is that the city was in decline even before that. It is too expensive to live in the city. It is too expensive to commute to the city. It is too expensive to feed yourself in the city. Crime is rampant. Drug use and filth is everywhere. Most importantly city has been hostile to tech and business owner…

> Crime is rampant According to the data, crime in SF is lower that it was a few years ago: https://www.city-data.com/crime/crime-San-Francisco-Californ... > Drug use and filth is everywhere. Voters can’t seem to wrap their head around better housing policies to get people off the street. It’s disappointing, the entire Bay Area is guilty of this.

I have never met a homeless person that wanted to get work, have a steady income and pay for housing that didn't eventually make it. (I lived on the streets)

Those that were overcome by drugs and mental issues would either destroy the housing or simply leave it or never take free housing.

(yes, there are many homeless that actually do _not_ want an apartment/house to take care of)

Re: San Francisco braces for commercial real estate crash

#198

Post by Apocryphon »

spookthesunset wrote: post #144
unethical_ban wrote: post #36

Earlier quoted context omitted.

We as an industry are still sailing through the air thinking things are fine with WFH, but in reality the engines have stalled and we're gliding. What I mean by that is that the industry has all the benefits of in-person work, having social connections, having gotten jobs through networking, and of knowing the ins and outs of a domain from pre-covid standards. As time goes on, I think the working population will have…

Totally agree. The pendulum is gonna swing back, it's just a matter of time. Yes there will be more remote-first companies but we will see how that pans out over 5 or so years. There is a hell of a lot more to running a tech company than just writing code. Code writing can easily be done from home but there is a lot of other roles where it isn't as easy. Plus, are people really gonna just hunker down in isolation? Ar…

What if, as a compromise, the first step is we get rid of open offices. That would go a long way towards getting rid of a near-universal complaint (at least on HN) about the pre-disease status quo, which WFH has freed tech workers from for a while.

> It's kinda funny to me how so many arguments for WFH are centered around the individuals themselves.

Many of those individuals may have families who they want to be around more, or help with, during the day.

And less work commuting is inherently better for the environment.

> None of them are really arguing that WFH is actually the best for a business.

So far, we need to see more signal that businesses, namely the tech companies located in say SF, are being adversely impacted.

Re: San Francisco braces for commercial real estate crash

#200

Post by Raptor22 »

houstonn wrote: post #192
JumpCrisscross wrote: post #137

Earlier quoted context omitted.

> city officials are asleep at the wheel Eh, San Francisco's voters have been drinking crazy water for some time. New developments blocked by renters. Stringent building codes and environmental reviews defended by those who think they're being compassionate to the poor. Scolding tech companies for hiring in the city and then panicking when they stop hiring in the city. This obviously isn't all of them. But it's not l…

Quoted post unavailable.

Oh dear God, here we go...
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